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Tuesday Recapus Minimus 2-3-15

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I'm going to keep it short and sweet tonight.   It was another great trading day.  That $SSYS bounce was ever so majestic.   Don't be surprised if this thing gets over $60 before weeks end.

$DIS is on fire tonight after a big earnings beat.  My $DIS calls from yesterday at $.92 look to open at over $6 each, lucky for me I sold them out for a double earlier in the session.  PHEW!   $TWTR $38.50 calls, well almost any strike, are working well heading into Thursday's earnings report. Will we get a flop, like $TWTR's last report, or a rocket to $50 like its summer earnings report?

The market made some significant progress as far as pushing back short term resistance. From a longer term perspective I think there is still more work to do:

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Monday Recap – 2/2/15

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The market looked poised to start the week off on a positive note, but early morning sellers took over after the opening bell.  The $SPY briefly dipped under $198 and traded under $200 for most of the session before a late day surge sent the $SPY to $202.   I don't think a chart accurately conveys the volatility we saw in the market today, with prices falling dramatically before rallying sharply.

Today's chart of S&P500 Futures

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